Using a trading simulator to test your strategies

Hi guys, i wanted to share with you a way to test your strategies on mt4. I use LFH simulator 3, it's an Ea designed to test your strategies on past data. 

Here's a quick tutorial :

To install it, it's very simple :

1- Uzip the file LFH_Trading_Simulator_3.zip

2- Copy LFH_Trading_Simulator_3.ex4 in ...\MetaTrader - XXX\experts

3- Copy the 8 script files into ...\MetaTrader - XXX\experts\scripts


Once you've done that, open your metatrader program and go to the strategy tester, select LFH simulator and the currency, time frame and the dates you want to use as past data.

Don't forget to tick : visual mode


After cliking the start button, you can open positions by using the associated scripts in the navigator window ( you just have to drag 'n drop the scripts on the chart ).

Tip 1 : if you want to close a position prematurely, you have to specify the exact amount you want to close.

For exampe : if i open a long position of 0.1 lot, to close it, i drag and drop the script LFH_SIMULATOR_BUY_CLOSE and change the value in the input tab : "amount to close" to 0.1.

Tip 2 : change the model to "open prices only ...." if you don't want every tick to be modeled, this way you have a faster simulation.

Also, note that unfortunately you can't use trailing stops.

Hope this is useful to you guys. I added a screen capture so you can easily understand how to use this tool.

Download here :LFH_Trading_Simulator_3.zip

Views: 821

Comment by Petr Kacer Kostka on July 29, 2013 at 3:22am

Thanks madriss I'll check it out. Cheers

Comment by madriss on July 29, 2013 at 5:43pm

hope it will be useful !

Cheers

Comment by Sridhar Rao on March 27, 2014 at 3:41am

hi...i am trying out the lfh simulator... i want to place a series of pending orders..with specific value...how do i use the script...there is no provision to feed the values....pls assist

Comment

You need to be a member of Urban Forex to add comments!

Join Urban Forex

On Facebook

Events

Forum

10 Pips Per Day Scalping Strategy

Started by Navin Prithyani in Forex Trading Strategies. Last reply by Ryan Brignac Oct 15. 69 Replies

Pro Trading Strategy

Started by Urban Forex in Forex Trading Strategies. Last reply by david trujillo 21 hours ago. 176 Replies

Urban Towers Scalping Strategy

Started by Navin Prithyani in Forex Trading Strategies. Last reply by Delbert Hagan Aug 12. 42 Replies

Photos

Loading…
  • Add Photos
  • View All

© 2014   Created by Urban Forex.

Badges  |  Report an Issue  |  Terms of Service